Three Months Ended | Twelve Months Ended | ||||||||||||||
March 31, | March 31, | ||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||
Operating expenses, as reported | $ | 653.2 | $ | 535.9 | $ | 2,595.0 | $ | 2,217.0 | |||||||
Share-based compensation expense | (35.6 | ) | (35.1 | ) | (149.3 | ) | (134.3 | ) | |||||||
Acquisition-related costs | (10.9 | ) | (4.4 | ) | (35.8 | ) | (43.3 | ) | |||||||
Professional services associated with certain legal matters | (3.3 | ) | — | (3.3 | ) | — | |||||||||
IT security remediation | (1.1 | ) | — | (6.8 | ) | — | |||||||||
Amortization of acquired intangible assets | (248.5 | ) | (176.9 | ) | (993.9 | ) | (674.1 | ) | |||||||
Special charges (income) and other, net | (17.2 | ) | 23.3 | (46.7 | ) | (33.7 | ) | ||||||||
Non-GAAP operating expenses | $ | 336.6 | $ | 342.8 | $ | 1,359.2 | $ | 1,331.6 | |||||||
Non-GAAP operating expenses as a percentage of net sales | 25.4 | % | 25.8 | % | 25.7 | % | 24.9 | % |
Microchip Technology Announces Financial Results for Fourth Quarter and Fiscal Year 2020
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RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
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